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Cant stick our heads in the sand any longer
Hi Guys; This is going to be a long one and I apologise in advance :o We have got ourselves in a right old mess. I am currently a final year student, and I suppose although we knew we were getting further in trouble, we always thought..ahh well I will be graduated soon and it will all be okay. However, now we are pregnant…
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Help Required Urgently..
Evening all, Financially things have been tough for me recently and although I feel I am making all the right moves to get out the hole I was/am in, I need advice on getting over the final few hurdles. To cut a long story short, I got myself in a bit of bother with outstanding debt, clocked up when I was a student etc. I…
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Credit Rating - How to remove Default status due to error from DCA
Hi All, I had defaulted mobile bill payment which I later settled after DCA offered me a deal for reduced amount. As soon as DCA sent me reduced amount settlement I paid thinking that this was final settlement as per their letter. It was almost 6 months back, I just checked my credit file and found that this account was…
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Lloyds TSB loan from 1998 already served default now getting payment demands WESCOT!
Hi desperately need some debt advice, if I am in the wrong place I apologise in advance. I got a loan of £1300 from lloyds TSB in 1998 and ended up with a default. I paid a debt collection agency £10 a month as it was all I could afford at the time. In 2005 the default dropped off my credit report. I have still kept up the…
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Debt advice - PLEASE
I own my small house outright. Not worth much - maybe about £65000 now. I have debts of around £13000 on a loan and on credit cards. We only have a total monthly income of £433.33 for my wage and £356 working tax credit. My partner is self employed but with the recession is earning nothing. (Hi debts are £20,000+ but they…
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Next step with Lowell - Please Help
Hi I have been disputing an alleged debt with Lowell Portfolio for some time now, and recently followed advice on here asking them for a copy of my agreement, using the request under section 77/78 of the CCA 1974. to cut a long story short i honestly cannot remember if i took this out or not but i do have two other…
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Default marker on credit report
I had a halifax credit card that as being dealt with by Payplan between 2009 and 2011, in 2011 I settled at a reduced rate and paid off the remaining balance, Halifax placed a default marker on my report in Oct 2011 the month before I paid it off, Should this show as from the date I actually started to fail to make…
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Direct Legal and Collections
Hi, My auntie has just had a phone call from Direct Legal and Collections. She has been paying back a catalogue debt at £2 per month, which was agreed based on her part time wage. Said company explained that they know she is in receipt of more money and they listed several bank transactions - such as my uncles wage being…
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Experiences of Barclays overdraft on a DMP please
Does anyone have any experience with the Barclays collection department? They are insisting that my partner puts a voluntary charging order on our house before they accept the DMP. We don't want to do that, but they have said that they will take him to court for a charging order if he doesn't agree. They have said that…
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Advice on my mortgage please
I am on a repayment mortgage with BoS,and pay a reasonable sum of £260 a month. Would i be able to make my payments less if I go to an Interest only mortgage??? I am not tied in just now and would be looking to sell my house in a few years time. Any advice would be great.
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IVA vs DMP.....Please help Im going demented!
I know no-one will ever tell me what I should do....but I really wish they would! I feel like I am going crazy with all sorts going on in my head. I cant seem to make a decision. Here is my story and any comments would be welcome. I started a DMP with Stepchange earlier this year, DMP-£400 = DFD 8 years time......Great.…
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Selling jewellery
I have a tiffany engagement ring and wedding band to sell. I haven't got a clue who to approach to sell it and how I know if I'm being ripped off with what they offer. I know what the insurance value is, but I am guessing recent second hand jewellery is worth significantly less, especially as it was bought in Tiffany, I am…
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Interest Rates to be Capped?
Hopefully this will give further encouragement to all those struggling with the evil that is Pay Day lending. Stella Creasy, the Labour MP campaigning against payday loan companies like Wonga, seems to have achieved a victory. The government has indicated that it will back an amendment to the financial services bill…
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iPhone App for debt/payments?
Hi everyone, hope you're all well. I'm well along the path to dealing with my finances after posting my SOA a few months ago and taking a lot of advice! My final struggle is clearing off my CC debt (£4448.63), spread across 6 different cards with different interest rates up to 49.9% which makes me shudder. My Q is, is…
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How do I go about this?
I have a fairly large amount of debt (that has been brushed under the carpet so to speak), with creditors who we just ignored any reminders etc, and some who I had a short relationship with, and then thought 'stuff it, I can't be bothered to pay them anymore, if you get the drift. But it has come to a time now where I am…
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Saying money owed but is not owed
My wife has just received a letter from a company calling themselves Equidebt Ltd saying that a debt from a creditor named Motormile for over £2000 is owed by my wife and that debt has been passed over to Equidebt. According to a search I have done Motormile is another debt collection agency. My wife has received no…
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Giving a DCA the flick!!
Back for more advice. I helped hubs with a ppi claim against Egg, which I'm pleased to say was upheld. This debt was part of a DAS (we're in Scotland), and was in the hands of Global Arrow DCA. The ppi payment wiped out the entire Egg debt with a surplus left over :) . Sooo, my question is - should we contact the DCA to…
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Credit file information changed - help
Hi all, I am at my wits end dealing with equifax and Welcome finance, Welcome I think are deliberately damaging my file. I defaulted on a loan in 2007 and currently paying it off with the last payment next month, Welcome have deleted the credit agreement from my old address showing the default and put a new agreement in my…
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How do banks prioritise payments
Nearly all my standing orders and direct debits come out on the 1st of the month. I do not have enough funds in my account to pay them all this month. I want to make sure the important ones are covered, which include 2 standing orders. Will the bank prioritise them over direct debits? Or should I cancel some direct debits…
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Advice on best way forward..
Hi I've lurked on the forum for a while now for advice regarding clearing my debts but would like some specific advice. I don't owe a large amount compared to some, just £2578 in total (from my Noddle credit report). Mostly run up following a relationship breakdown and by losing my job a number of years ago (and then…
